Shanghai Aerospace Automobile Electromechanical Co., Ltd. Highlights 2008

Business Highlights

(In million yuan)

2008 2007 Difference(%) Factors
Sales 1,235.03 1,350.83 (8.6) - Sales of automotive parts remained at the same level as a year ago. Revenues declined at the new energy division, which includes solar cell business, due to the impact of the global financial crisis.
Operating profit
23.50 53.87 (56.4)
Ordinary profit 45.99 67.25 (31.6)
Net profit 36.75 57.07 (35.6)


R&D structure
The Company conducts R&D activities for air conditioners, solar energy, and composite materials at respective research centers specially designed to cover each area.

Development of new products
<Development projects at Shanghai Xinguang Automotive Electrical Equipment Co., Ltd.>

- The Company has been working on a joint project with Dongfeng-Peugeot-Citroen Automobile since April 2008 to develop a circuit breaker box for six terminals. The company, at the request of Dongfeng-Peugeot-Citroen Automobile, has now advanced the supply launch date for these circuit breakers from the end of March to the beginning of February 2009. (From a press release, January 4, 2009)

- Since its design plan for the ZP11 fuse box, which the company is developing through its first joint project with SAIC Motor, passed a council screening in December 2008, the company began prototype production of the fuse box. (From a press release, January 15, 2009)

Investment Activities

Capital Investment Projects FY2008

Project Amount invested in FY2008
(in million yuan)
Expanding R&D facility 27.3 Under construction
Establishing a new plant at Shanghai Composite High-Tech Development Co.,Ltd. 37.5 Completed